Bangladesh will need $8 billion to implement its annual development programme for mitigating the impact of climate change.
The National Adaptation Plan submitted by Bangladesh to the Global Forum meeting at COP26 calls for an additional $230 billion in the next 27 years, top Bangladeshi policymakers, bureaucrats, and activists noted yesterday after the ninth day of COP27 at Sharm El-Sheikh in Egypt.
After the Warsaw International Mechanism was established during COP19, he stated that there have been no significant advances.
"A lack of distribution of resources is far from fair and equitable. The developed countries must recognize that a business-as-usual approach in this regard will not be sustainable in the long term. The global community must, therefore, fully appreciate the scale and urgency of this problem and take collective action to minimize mass migration and displacement as a result of climate change,” urged Abul Momen.
According to the Global Report on Internal Displacement 2021, approximately 143 million people will be internal migrants by the year 2050. Of these, 40 million alone will be in South Asia, and a third, or 13.33 million, will be in Bangladesh, he noted.
“Bangladesh, with a population of over 165 million, despite contributing the least to the underlying cost of climate change, is one of the worst affected countries,” the minister said.
"We have a carbon footprint of less than 0.6 tons per capita, compared to an average of 4.5 tons worldwide. Twenty percent of our population live in coastal areas and risk displacement due to rising sea levels," the minister warned.
In addition, he demanded compensation for the losses and damages caused by climate change.
He also expressed disappointment over the lack of attention to Bangladesh despite its vulnerability.
During another session titled “Translating NDC into Action in Bangladesh: Promoting Climate-Resilient Housing and Renewable Energy”, Dr Farhina Ahmed, secretary of Environment, Forest and Climate Change, said Bangladesh will need $230 billion in the next 27 years for its national adaptation plan.
According to her, Bangladesh will reduce its carbon footprint by 6.73 percent by own resources, but it will reduce it by 21.83 percent through UN investments and donor contributions by 2030.
Speaking about loss and damage, Dr Farah Kabir, country director for ActionAid Bangladesh, said climate-vulnerable countries like Bangladesh have not yet recover their losses.
“We are at the peak of recognizing the damage and loss that have been caused,” she said.